dsimonc

[johnnycakes @johnnycakes720]

@grok assuming $FNMA Fannie Mae is making $4b net income per quarter, and nothing happens with the PSPA, what is the expected date they will qualify to get out of conservatorship on their own? Meaning, nothings changed with capital requirements either, they just satisfy the requirement on their own.

[Jay Bhattacharya, MD, PhD @NIHDirector_Jay]

What can GLP-1 drugs teach us about aging?

In this video, I share new NIH-funded research showing that semaglutide, a GLP-1 medication, extended lifespan and improved several measures of health in older mice. While more research is needed to understand what these findings could mean for people, the study offers intriguing insights into the biology of aging.

Learn more: https://t.co/2ekBf2cb3y

[dsimonc @dsimonc]

@simongerman600 LOL

[Izabella Kaminska @izakaminska]

REMINDER: They need a credible off ramp from the hyper scaling narrative they’ve been selling for months. Safety concerns are an obvious way to justify the incoming pivot. They also justify taking the whole thing into a closed “Manhattan project” type setting at the government’s expense. This justifies the incoming lockdown.

As I predicted in August the scale narrative had run its course due to kimi. Hyper scaling wasn’t about genuine demand expectations. It was about winning the ai race by outspending and bankrupting your competitors. Kimi made that pointless.

This is no doubt the asymmetric information Bessent has been alluding to for weeks. There’s going to be a helluva lot of liquidity freed by this move. It’s all going to go flooding into USTs. Happy D day bond guys.
👇

[dsimonc @dsimonc]

@RenzTom LOL
Evolution doesn't work that fast

[David Deutsch @DavidDeutschOxf]

I just fixed my dishwasher with the help of ChatGPT. A trivial task. I had been about to order a new one. So this software has increased the country's real wealth yet decreased the measured GDP. The main economic indicator is structurally incapable of registering the thing that actually makes people better off, namely the growth of knowledge

[Sterling Snow @sterlingmsnow]

I reread this every year.

I cry like a baby every year.

Todd Beamer died a father, husband, and hero.

Todd: Hello… Operator… listen to me. I can’t speak very loud. This is an emergency. I’m a passenger on a United flight to San Francisco. Our plane has been hijacked.

Lisa: I understand. Can they see you?

Todd: No. There are three that we know of. They have knives — razor knives, like box cutters. Someone announced from the cockpit there was a bomb. It sounded fake.

Lisa: Your name?Todd: Todd Beamer. United Flight 93.Todd: They killed one passenger in first class. They forced most of us back. Fourteen of us here. Five flight attendants. The guy with the bomb ordered us to sit on the floor.

Lisa: Are you okay?

Todd: We’re going down… wait. No. We’re leveling off. We changed directions. We’re flying east again.

Todd: A guy named Jeremy called his wife. She told him two planes hit the World Trade Center. Lisa, is that true?

Lisa: I have to tell you the truth. It’s very bad. Both towers are gone. A third plane hit the Pentagon. Our country is under attack. I’m afraid your plane may be part of their plan.

Todd: Oh God. Lisa, will you do something for me? Call my wife and my kids. Promise me you’ll call.

Lisa: I promise.

Todd: Our home number is… You have the same name as my wife. Lisa. We’ve been married ten years. She’s pregnant with our third child. Tell her I love her. I’ll always love her. We have two boys — David, he’s 3, and Andrew, he’s 1. Tell them their daddy loves them and he is so proud of them. The baby is due January 12th. I saw an ultrasound. We still don’t know if it’s a girl or a boy.

Lisa: I’ll tell them. I promise, Todd.(Lisa patches in the FBI.)

Agent: Todd, your plane is on a course for Washington. Best guess is the White House or the Capitol.

Todd: I understand. I’ll be back.

Todd: Everyone knows this isn’t a normal hijacking. We have decided we will not be pawns in their plot.

Lisa: What are you going to do?

Todd: Four of us are going to rush the one with the bomb. Then the cockpit. A stewardess is getting boiling water. We’ll take them out.

Todd: Would you pray with me?They pray the Lord’s Prayer. Then: Yea, though I walk through the valley of the shadow of death, I will fear no evil, for thou art with me.

Todd: God help me. Jesus help me.Are you guys ready? Let’s Roll.

[Will Tanner @Will_Tanner_1]

One map favors those who achieve things, showing the regions of the world that achieved excellence and accomplished noble deeds that echo through history; if you're interested in what men of note did, the Mercator projection is better

The equality projection is the Global Favela; it is the glorification of mere biomass, the idea that we ought spend more time looking at and thinking of such places as Africa just because a billion people exist within it, despite the fact that all they have accomplished is gratuitously burning down the civilization the colonizers built

[dsimonc @dsimonc]

@CinghAmanuense @GiorgiaMeloni Non sceglieva i giovani con cui dibattere

[Giorgia Meloni @GiorgiaMeloni]

Un anno fa veniva ucciso Charlie Kirk. Aveva appena 31 anni ed era, ancora una volta, in mezzo ai giovani, in un’università, a fare quello che aveva scelto di fare per tutta la sua vita pubblica: confrontarsi, discutere, difendere le proprie idee.

Charlie aveva fatto della fede, della libertà di parola e del confronto la propria cifra. Era un cristiano convinto, un marito, un padre, un ragazzo capace di parlare a una generazione intera senza sottrarsi mai al dibattito, anche con chi la pensava in modo opposto.

È stato assassinato proprio mentre esercitava quella libertà.

A un anno di distanza, il modo migliore per ricordarlo è non lasciare che prevalga l’odio che ha cercato di zittirlo. Continuare a credere che le idee si affrontano con altre idee, che il dissenso non è un nemico da eliminare e che la fede può essere vissuta senza paura e senza vergogna.

Charlie Kirk non c’è più. Ma ciò per cui ha vissuto continua a parlare.
E merita di essere ricordato.

[dsimonc @dsimonc]

@Its_Carlos_Here @vonderleyen Please don't be so dumb
Milankovitch's are pushing towards cooling since 8000 years ago

[dsimonc @dsimonc]

@AaloAtomics Goooooo!!

[dsimonc @dsimonc]

@MattLoszak How do you spend your time while the car drives itself?

[dsimonc @dsimonc]

@maripiani @aforista_l @ELuttwak @IfindRetards

[Elon Musk @elonmusk]

Consensus estimate is that ~15GW of AI compute produced in 2027 cannot be turned on in 2027.

This is harder than just finding power, as you also need to build out all the transformers, wiring, liquid-cooling, (massive) chillers & complex networking. https://t.co/cRXJ1Wrkri

[dsimonc @dsimonc]

@theiaincameron It's like when they try to rename mount Mc Kinley or mount Everest

[Finsee @Finsee_main]

$STDN Q2 2026 earnings: First Commercial Delivery Sparks Massive Backlog Expansion

Standard Nuclear’s first earnings report as a public company shows a business rapidly transitioning from R&D to commercialization. Revenue accelerated to $4.7M (up ~8x YoY), driven by the delivery of the company's first commercial TRISO fuel core to Radiant Industries. More importantly, the company is aggressively converting non-binding pipeline into hard contracts, with Total Contract Backlog surging from $91M in March to $577M by August. While heavy IPO-related G&A expenses kept net income negative (-$3.4M), unit economics look highly promising, with gross margins reversing from negative to 68%.

Full article with charts - link in bio

🐂 𝐁𝐮𝐥𝐥 𝐂𝐚𝐬𝐞
• 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐏𝐫𝐨𝐨𝐟 𝐨𝐟 𝐂𝐨𝐧𝐜𝐞𝐩𝐭 — The successful delivery of a full HALEU TRISO core for Radiant's Kaleidos microreactor proves STDN can execute at scale. Gross margin flipped from negative to 68%, demonstrating that commercial volumes carry excellent unit economics.
• 𝐅𝐮𝐥𝐥𝐲 𝐅𝐮𝐧𝐝𝐞𝐝 𝐒𝐜𝐚𝐥𝐞-𝐔𝐩 — The July IPO injected $137.7M in net proceeds. With a pro forma debt-free cash balance of $239.9M, the company has massive runway to fund its Tennessee and Idaho capacity expansions without dilution.

🐻 𝐁𝐞𝐚𝐫 𝐂𝐚𝐬𝐞
• 𝐎𝐩𝐄𝐱 𝐎𝐮𝐭𝐩𝐚𝐜𝐢𝐧𝐠 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 — General & Administrative costs skyrocketed to $5.5M (up 447% YoY), exceeding total revenue. Until the new SN-TN and SN-ID facilities are authorized and online, high fixed public company costs will continue to drive operating losses.
• 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐁𝐨𝐭𝐭𝐥𝐞𝐧𝐞𝐜𝐤𝐬 — Future revenue growth relies entirely on the DOE authorizing the SN-TN and SN-ID facilities in Q4 2026. Any regulatory delays will directly throttle STDN's ability to fulfill its accelerating backlog.

⚖️ 𝐕𝐞𝐫𝐝𝐢𝐜𝐭: 🟢
Highly Bullish. The company is in a pure hyper-growth phase. Successfully converting $500M+ of soft pipeline into firm backlog in five months while achieving 68% gross margin on its first commercial delivery validates the core business model.

𝐊𝐞𝐲 𝐓𝐡𝐞𝐦𝐞𝐬

🟢🟢 𝐏𝐢𝐩𝐞𝐥𝐢𝐧𝐞 𝐂𝐨𝐧𝐯𝐞𝐫𝐭𝐢𝐧𝐠 𝐢𝐧𝐭𝐨 𝐁𝐢𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 [NEW]
Accelerating. The most critical metric in this release is the conversion rate of the sales pipeline. Qualified Pipeline dropped from $986.3M in June to $696.3M in August not due to lost deals, but because those deals became binding. Funded Backlog—which provides direct visibility into near-term cash flow—surged nearly 15x from $8.2M in March to $119.3M by August.

🟢 𝐅𝐢𝐫𝐬𝐭 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐢𝐞𝐬 𝐕𝐚𝐥𝐢𝐝𝐚𝐭𝐞 𝐔𝐧𝐢𝐭 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬 [NEW]
Reversing. STDN achieved its first-ever quarterly gross profit ($3.2M) entirely due to the commercial delivery of HALEU TRISO fuel in prismatic graphite blocks to Radiant Industries. A 68% gross margin on the very first commercial core strongly suggests that once production scales across its new facilities, the company will have massive operational leverage.

⚪ 𝐏𝐮𝐛𝐥𝐢𝐜 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐄𝐫𝐨𝐝𝐢𝐧𝐠 𝐁𝐨𝐭𝐭𝐨𝐦 𝐋𝐢𝐧𝐞 [NEW]
Despite a massive top-line beat, net loss actually widened YoY (-$3.4M vs -$1.6M). The culprit is an explosion in G&A expenses, which hit $5.5M in Q2. Management attributes this to a $1.6M increase in share-based comp and a $1.5M increase in consulting fees related to the IPO. While expected for a newly public company, this data point contradicts the pure profitability narrative of the high gross margins. Investors must monitor whether these 'infrastructure' costs normalize in 2027.

🟢 𝐌𝐚𝐜𝐫𝐨 𝐓𝐚𝐢𝐥𝐰𝐢𝐧𝐝𝐬 𝐁𝐨𝐥𝐬𝐭𝐞𝐫 𝐃𝐞𝐦𝐚𝐧𝐝
Management directly linked their accelerated commercial timeline to the broader macro environment, noting that 'advanced nuclear energy deployment is accelerating following a series of successful reactor startups this summer.' As the only independent U. S. producer of TRISO fuel at scale, STDN is a direct bottleneck proxy for the entire domestic advanced nuclear resurgence.

🟢 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐃𝐞-𝐫𝐢𝐬𝐤𝐢𝐧𝐠 𝐂𝐥𝐞𝐚𝐫𝐬 𝐏𝐚𝐭𝐡 𝐟𝐨𝐫 𝟐𝟎𝟐𝟕 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲
STDN secured two major regulatory wins. First, the DOE approved the Preliminary Documented Safety Analysis for both the SN-TN and SN-ID facilities. Second, the Framatome Joint Venture received NRC approval to raise uranium enrichment limits to just under 10% U-235 at its Richland site. This clears the legal pathways required for STDN's planned 2027 capacity expansion.

𝐎𝐭𝐡𝐞𝐫 𝐊𝐏𝐈𝐬

𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 (𝐇𝟏 𝟐𝟎𝟐𝟔): -$10.9 million
Operating burn accelerated from -$2.8M in H1 2025. This reflects heavy working capital needs as STDN scales its existing SN-0 facility to meet first commercial deliveries, paired with public-company transition costs.

𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐄𝐱𝐩𝐞𝐧𝐝𝐢𝐭𝐮𝐫𝐞𝐬 (𝐇𝟏 𝟐𝟎𝟐𝟔): $17.4 million
CapEx exploded from $0.6M in H1 2025, representing the hard costs of substantially completing construction on the new Tennessee (SN-TN) and Idaho (SN-ID) production facilities. With $239.9M in pro-forma cash, STDN can comfortably sustain this buildout rate.

𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

𝐒𝐍-𝐓𝐍 𝐚𝐧𝐝 𝐒𝐍-𝐈𝐃 𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐲 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Q4 2026
Stable. The company explicitly targets authorization to operate for both the Tennessee and Idaho facilities in Q4 2026. This is the ultimate catalyst to convert the massive $119.3M funded backlog into recognized revenue.

𝐅𝐫𝐚𝐦𝐚𝐭𝐨𝐦𝐞 𝐉𝐕 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐒𝐭𝐚𝐫𝐭: 2027
Accelerating. With NRC clearance achieved in June 2026, the joint venture is officially slated to begin production of TRISO fuels in 2027 with an initial capacity of ~1 MTU annually, capable of scaling to 2 MTU.

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬

𝐍𝐨𝐫𝐦𝐚𝐥𝐢𝐳𝐞𝐝 𝐆&𝐀 𝐋𝐨𝐚𝐝
G&A surged to $5.5M this quarter, largely driven by IPO-related consulting and stock compensation. What is the expected normalized quarterly OpEx run-rate once these one-time transition costs roll off?

𝐆𝐫𝐨𝐬𝐬 𝐌𝐚𝐫𝐠𝐢𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲
You achieved a phenomenal 68% gross margin on your first commercial fuel delivery to Radiant. Is this margin profile indicative of standard pricing across your $576.9M backlog, or did this initial core carry premium prototype pricing?

𝐃𝐎𝐄 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐢𝐬𝐤
With construction substantially complete at SN-TN and SN-ID, what specific milestones remain for the DOE Readiness Review, and what contingencies are in place if Q4 2026 authorization slips into 2027?

[Thomas Sowell Quotes @ThomasSowell]

“The Founders knew that a democracy would lead to some kind of tyranny. The term democracy appears in none of our Founding documents. Their vision for us was a Republic and limited government.”

— Walter E. Williams

[dsimonc @dsimonc]

@TimurNegru One should call them a waste of money

[Andreas Steno Larsen @AndreasSteno]

https://t.co/Fd19ayGH4F